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Daily Headlines
Union Pacific deals with great big rising fuel bill
(The following story by Joe Ruff appeared on the Omaha World-Herald website on June 18.) OMAHA, Neb. — Everyone winces filling the gas tank these days, but imagine being the nation's largest railroad and burning more than 3 million gallons of diesel fuel every day....
TCU’s carmen members to vote on tentative Soo Line agreement
(The following appeared on the Progressive Railroading website on June 17.) The Transportation Communications Union (TCU) recently sent ratification ballots to Brotherhood of Railway Carmen Division members regarding a tentative five-year agreement reached with...
West Chicago joins coalition against CN-EJ&E deal
(The following appeared on the Chicago Tribune website on June 18.) CHICAGO — West Chicago has joined a chorus of communities opposed to Canadian National Railway's bid to acquire tracks that run through the suburbs. The City Council this week unanimously approved an...
Debate heats up over CN purchase of EJ&E
(The following story by Jeremy Stoltz appeared on the Business Ledger website on June 18.) NAPERVILLE, Ill. — The pending purchase of the EJ&E rail line by Canadian National (CN) Railway Company has created uproar in many communities likely to be most affected by the...
Oberstar has doubts about EJ&E sale
(The following story by Marni Pyke appeared on the Daily Herald website on June 18.) CHICAGO — The chairman of the U.S. House Transportation and Infrastructure Committee said Tuesday he's not ready to sign on to the Canadian National Railway's plan to buy the Elgin,...
Proxy group backs four dissident CSX nominees
(Reuters circulated the following on June 17.) NEW YORK — A major proxy solicitation service on Tuesday recommended that shareholders of rail company CSX Corp. favor of four nominees from a dissident shareholders' group, a major endorsement of the alternative slate of...
U.S. senator threatens bill to punish funds hiding stakes
(Reuters circulated the following on June 17.) WASHINGTON, D.C. — Legislation might be needed to impose stiffer penalties against hedge funds that improperly conceal their corporate holdings through the use of equity swaps, a senior member of the Senate Banking...
Flooding forces Amtrak riders onto buses
(The following appeared on the Kansas City Star website on June 17.) KANSAS CITY, Mo. — Flooding has forced Amtrak to substitute buses for the Southwest Chief between Kansas City and Chicago. Amtrak announced today that buses would run from Kansas City to Galesburg,...
Rail stocks fall, floods seen hitting results
(Reuters circulated the following on June 17.) NEW YORK — Railroad operators' shares fell in early trading on Tuesday amid concerns flooding in the U.S. Midwest will hurt the companies' second-quarter results. The worst flooding in the region in 15 years has damaged...
Floods seen hitting transport company results
(Reuters circulated the following story by Nick Zieminski on June 17.) NEW YORK — The worst flooding in the U.S. Midwest in 15 years is expected to reduce second-quarter earnings at railroads, barge companies and trucking firms, but the full extent of the damage may...
